Palos Verdes Luxury Home Market Report–December 2016

The end of the year is closing in on us. The Palos Verdes luxury home market began the year strong, cooled off during the summer months and enjoyed a resurgence during the late fall.

I define the luxury home market as those homes priced at or above $3,000,000. There are currently 46 Palos Verdes luxury properties for sale. Thirteen high-end homes are in escrow with accepted offers. Fifty-three Palos Verdes luxury residences have sold year-to-date.

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Norma Toering is the broker-owner of Charlemagne Intl Properties a boutique real estate company in Los Angeles. She has been a local South Bay real estate agent since 1992. Norma is the most well known & award winning real estate blogger in Palos Verdes. Forbes magazine consulted Norma on Palos Verdes property values when compiling their Forbes 400 list.
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